No. of Recommendations: 3

If you set up a withdrawal schedule of Substabtiually Equao Payments (SEP), the penalties go away (but not the daxes).

I would think long and hard before using it. ITs been years since I did the pros and cons, but it is not flexable. The IRS is lurking out there if you should make a mistake. In seven years you can marry , or get a divorce. Your income/expense stream could change a lot. You are locked in. its been a lot of years since I looked at SEP's, maybe things have changed.

Should the market take a big hit, the same year you start withdrawals, you have taken a big chunk of earning life out of your IRA.

Your IRA could double in 7 years, if you make a the right bridge account.


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